Otro Capital holds ‘exploratory talks’ over selling Alpine F1 stake

• Otro purchased 24% stake in 2023 that valued Alpine at around US$900m
• Renault CEO recently confirmed that the company remains committed to F1

Private investment firm Otro Capital has held exploratory talks around selling its 24 per cent stake in the Alpine Formula One team, according to Sports Business Journal (SBJ).

While talks are reportedly not at an advanced stage, it highlights the ongoing interest in Formula One as an investment opportunity. For instance, Aston Martin were valued at UK£2.4 billion (US$3.3 billion) ahead of their latest stake sale. The Racing Bulls team also reportedly recently rejected a US$2.3 billion takeover offer.

The stake purchased by Otro Capital in June 2023 valued Alpine at around US$900 million. Aston Martin’s valuation underscores the potential return on investment in just over two years. The initial investment in Alpine saw several high-profile athletes, including Rory McIlroy, Anthony Joshua and Trent Alexander-Arnold, become investors.

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While prospective suitors for the Alpine stake are currently unknown, Renault Group holds the right to make the first offer if Otro chooses to sell.

New Renault chief executive François Provost had previously confirmed that the company remains committed to Formula One for “a long time” through its Alpine brand, with a renewed focus on tapping into the American market.

Alpine’s de facto team boss Flavio Briatore also told SBJ at the United States Grand Prix that the team is prioritising the US market, despite Renault delaying plans to sell Alpine cars in the country due to tariffs.

Earlier this year, Alpine restructured its US office, a move confirmed by former vice president of commercial partnership development Chris Wilson.